CSOB Slovakia

CSOB Slovakia's mortgage loans rose 12.0% to EUR 3,004 mil in 2017

By Helgi Analytics - December 12, 2019

CSOB Slovakia's mortgage loans reached EUR 3,004 mil in 2017, up 12.0% compared to the previous year. Slovak banking sector pro...

CSOB Slovakia's customer deposits rose 7.72% to EUR 6,052 mil in 2017

By Helgi Analytics - December 12, 2019

CSOB Slovakia's customer deposits reached EUR 6,052 mil in 2017, up 7.72% compared to the previous year. Slovak banking sector ...

CSOB Slovakia's customer loans rose 7.87% to EUR 6,576 mil in 2017

By Helgi Analytics - December 12, 2019

CSOB Slovakia's customer loans reached EUR 6,576 mil in 2017, up 7.87% compared to the previous year. Slovak banking sector pro...

Profit Statement 2015 2016 2017
Net Interest Income EUR mil 208 210 206
Fee Income (As % Of Revenues) % 18.9 17.9 20.9
Other Income EUR mil 26.7 36.7 22.7
Total Revenues EUR mil 289 300 289
Staff Cost EUR mil 76.6 80.6 81.4
Operating Profit EUR mil 117 120 104
Provisions EUR mil 18.3 15.9 12.2
Net Profit EUR mil 74.6 83.2 70.0
Balance Sheet 2015 2016 2017
Interbank Loans EUR mil 47.9 23.2 102
Customer Loans EUR mil 5,464 6,097 6,576
Debt Securities EUR mil 1,897 2,035 2,036
Total Assets EUR mil 7,766 8,544 9,221
Shareholders' Equity EUR mil 704 702 817
Interbank Borrowing EUR mil 798 896 846
Customer Deposits EUR mil 5,074 5,619 6,052
Issued Debt Securities EUR mil 823 1,047 1,361
Ratios 2015 2016 2017
ROE % 10.8 11.8 9.22
ROA % 1.02 1.02 0.788
Costs (As % Of Assets) % 2.37 2.22 2.09
Costs (As % Of Income) % 59.6 60.2 64.1
Net Interest Margin % 2.86 2.58 2.32
Loans (As % Of Deposits) % 108 109 109
NPLs (As % Of Loans) % 3.72 3.27 2.81
Provisions (As % Of NPLs) % 64.7 70.0 75.7
Growth Rates 2015 2016 2017
Total Revenue Growth % 6.43 3.80 -3.87
Operating Cost Growth % 2.98 4.84 2.46
Operating Profit Growth % 12.0 2.27 -13.4
Net Profit Growth % 12.6 11.6 -15.9
Customer Loan Growth % 19.3 11.6 7.87
Total Asset Growth % 14.2 10.0 7.93
Customer Deposit Growth % 12.2 10.7 7.72
Shareholders' Equity Growth % 3.79 -0.284 16.4
Employees 2,493 2,563 2,572

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summary Unit 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017
income statement                      
Net Interest Income EUR mil         186 175 195 203 208    
Total Revenues EUR mil         221 251 273 272 289    
Operating Profit EUR mil         78.7 83.2 112 105 117    
Net Profit EUR mil         40.1 78.2 63.1 66.2 74.6    
balance sheet                      
Interbank Loans EUR mil         20.4 40.3 42.2 54.9 47.9    
Customer Loans EUR mil         3,986 4,132 4,249 4,581 5,464    
Debt Securities EUR mil         1,515 1,484 1,736 1,860 1,897    
Total Assets EUR mil         5,795 6,028 6,285 6,799 7,766    
Shareholders' Equity EUR mil         650 649 660 678 704    
Interbank Borrowing EUR mil         906 678 309 516 798    
Customer Deposits EUR mil         3,583 4,076 4,250 4,523 5,074    
Issued Debt Securities EUR mil         246 305 750 811 823    
ratios                      
ROE %         6.11 12.0 9.64 9.90 10.8    
ROA %         0.696 1.32 1.02 1.01 1.02    
Costs (As % Of Assets) %         2.47 2.84 2.62 2.56 2.37    
Costs (As % Of Income) %         64.4 66.8 58.9 61.6 59.6    
Net Interest Margin %         3.23 2.96 3.16 3.10 2.86    
Interest Income (As % Of Revenues) %         84.3 69.7 71.2 74.5 71.9    
Fee Income (As % Of Revenues) %         20.4 18.5 18.4 19.6 18.9    
Staff Cost (As % Of Total Cost) %         44.4 41.0 41.4 42.1 44.4    
Equity (As % Of Assets) %         11.2 10.8 10.5 9.97 9.06    
Loans (As % Of Deposits) %         111 101 100.0 101 108    
Loans (As % Assets) %         68.8 68.6 67.6 67.4 70.4    
NPLs (As % Of Loans) %         6.51 4.39 4.90 4.55 3.72    
Provisions (As % Of NPLs) %         67.8 59.2 52.8 54.8 64.7    
income statement Unit 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017
income statement                      
Interest Income EUR mil         246 243 248 250 248    
Interest Cost EUR mil         59.5 68.5 53.5 47.2 40.2    
Net Interest Income EUR mil         186 175 195 203 208    
Net Fee Income EUR mil         45.0 46.5 50.3 53.2 54.6    
Other Income EUR mil         -10.3 29.5 28.5 16.0 26.7    
Total Revenues EUR mil         221 251 273 272 289    
Staff Cost EUR mil         63.2 68.7 66.6 70.5 76.6    
Depreciation EUR mil         11.2 11.5 10.9 10.8 11.5    
Other Cost EUR mil         68.0 87.4 83.5 86.1 84.3    
Operating Cost EUR mil         142 168 161 167 172    
Operating Profit EUR mil         78.7 83.2 112 105 117    
Provisions EUR mil         14.7 17.3 26.9 17.1 18.3    
Extra and Other Cost EUR mil         0 0 0 0 0    
Pre-Tax Profit EUR mil         64.0 65.9 85.5 87.5 98.7    
Tax EUR mil         5.03 16.9 22.4 21.3 24.1    
Minorities EUR mil         0 0 0 0 0    
Net Profit EUR mil         40.1 78.2 63.1 66.2 74.6    
growth rates                      
Net Interest Income Growth % ...       -1.04 -6.17 11.2 4.18 2.68    
Net Fee Income Growth % ...       8.04 3.17 8.25 5.88 2.53    
Total Revenue Growth % ...       -12.7 13.4 8.98 -0.507 6.43    
Operating Cost Growth % ...       -4.85 17.7 -3.96 4.01 2.98    
Operating Profit Growth % ...       -24.1 5.78 35.1 -6.98 12.0    
Pre-Tax Profit Growth % ...       -2.86 3.03 29.7 2.32 12.9    
Net Profit Growth % ...       -32.4 95.0 -19.4 5.01 12.6    
market share                      
Market Share in Revenues %         9.04 12.0 11.8 11.1 12.7    
Market Share in Net Profit %     ...   5.95 16.3 11.5 11.8 12.3    
Market Share in Employees %         12.7 12.8 12.4 12.7 13.2    
Market Share in Bank Cards %         5.61 6.77 6.82 6.59 6.61    
Market Share in Debit Cards %         5.93 0.905 6.97 6.76 6.82    
Market Share in Credit Cards %         3.83 5.63 5.81 5.39 5.21    
Market Share in Branches %         13.2 13.2 14.4 14.5 14.3    
balance sheet Unit 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017
balance sheet                      
Cash EUR mil         134 126 123 181 233    
Interbank Loans EUR mil         20.4 40.3 42.2 54.9 47.9    
Customer Loans EUR mil         3,986 4,132 4,249 4,581 5,464    
Retail Loans EUR mil ...       2,042 2,311 2,508 2,833 3,313    
Mortgage Loans EUR mil ... ... ...   1,361 1,521 1,681 1,923 2,169    
Consumer Loans EUR mil ... ... ...   681 790 827 910 1,144    
Corporate Loans EUR mil ...       1,815 1,691 1,500 1,491 1,850    
Debt Securities EUR mil         1,515 1,484 1,736 1,860 1,897    
Fixed Assets EUR mil         106 91.1 87.2 82.6 83.9    
Total Assets EUR mil         5,795 6,028 6,285 6,799 7,766    
Shareholders' Equity EUR mil         650 649 660 678 704    
Of Which Minority Interest EUR mil         0 0 0 0 0    
Liabilities EUR mil         5,145 5,379 5,625 6,121 7,062    
Interbank Borrowing EUR mil         906 678 309 516 798    
Customer Deposits EUR mil         3,583 4,076 4,250 4,523 5,074    
Sight Deposits EUR mil ... ... ... ... ... ... 1,748 2,013 2,414    
Term Deposits EUR mil ... ... ... ... ... ... 2,451 2,440 2,660    
Issued Debt Securities EUR mil         246 305 750 811 823    
Other Liabilities EUR mil         410 320 316 271 367    
asset quality                      
Non-Performing Loans EUR mil         272 186 214 214 208    
Gross Loans EUR mil         4,170 4,242 4,362 4,699 5,599    
Total Provisions EUR mil         184 110 113 117 135    
growth rates                      
Customer Loan Growth % ...       16.3 3.68 2.84 7.82 19.3    
Retail Loan Growth % ... ...     15.4 13.2 8.51 13.0 16.9    
Mortgage Loan Growth % ... ... ... ... 17.5 11.7 10.5 14.4 12.8    
Consumer Loan Growth % ... ... ... ... 11.4 16.0 4.63 10.1 25.7    
Corporate Loan Growth % ... ...     12.1 -6.83 -11.3 -0.577 24.1    
Total Asset Growth % ...       0.942 4.02 4.26 8.19 14.2    
Shareholders' Equity Growth % ...       -2.18 -0.077 1.63 2.78 3.79    
Customer Deposit Growth % ...       3.18 13.8 4.26 6.42 12.2    
market share                      
Market Share in Customer Loans %         10.9 11.1 10.8 11.0 12.0    
Market Share in Corporate Loans % ...       11.7 11.3 10.3 10.4 11.8    
Market Share in Retail Loans % ... ... ...   14.0 15.5 15.7 16.0 18.5    
Market Share in Consumer Loans % ...       11.9 12.3 12.2 12.3 12.8    
Market Share in Mortgage Loans % ... ... ...   11.0 11.1 11.0 11.1 11.0    
Market Share in Total Assets %         9.83 10.1 10.3 10.6 11.2    
Market Share in Customer Deposits %         8.93 9.62 9.59 9.82 10.1    
ratios Unit 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017
ratios                      
ROE %         6.11 12.0 9.64 9.90 10.8    
ROA %         0.696 1.32 1.02 1.01 1.02    
Costs (As % Of Assets) %         2.47 2.84 2.62 2.56 2.37    
Costs (As % Of Income) %         64.4 66.8 58.9 61.6 59.6    
Net Interest Margin %         3.23 2.96 3.16 3.10 2.86    
Interest Spread % ...       3.10 2.82 3.06 3.02 2.80    
Asset Yield %         4.26 4.12 4.03 3.82 3.41    
Cost Of Liabilities % ...       1.16 1.30 0.973 0.803 0.610    
Interest Income (As % Of Revenues) %         84.3 69.7 71.2 74.5 71.9    
Fee Income (As % Of Revenues) %         20.4 18.5 18.4 19.6 18.9    
Other Income (As % Of Revenues) %         -4.67 11.7 10.4 5.89 9.23    
Cost Per Employee USD per month         3,122 3,088 3,192 3,198 2,935    
Cost Per Employee (Local Currency) EUR per month         2,246 2,405 2,404 2,481 2,561    
Staff Cost (As % Of Total Cost) %         44.4 41.0 41.4 42.1 44.4    
Equity (As % Of Assets) %         11.2 10.8 10.5 9.97 9.06    
Loans (As % Of Deposits) %         111 101 100.0 101 108    
Loans (As % Assets) %         68.8 68.6 67.6 67.4 70.4    
NPLs (As % Of Loans) %         6.51 4.39 4.90 4.55 3.72    
Provisions (As % Of NPLs) %         67.8 59.2 52.8 54.8 64.7    
Provisions (As % Of Loans) %         4.62 2.67 2.66 2.56 2.46    
Cost of Provisions (As % Of Loans) %         0.397 0.427 0.642 0.387 0.365    
other data Unit 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017
other data                      
Branches         137 140 136 137 135    
Employees         2,346 2,381 2,308 2,368 2,493    
ATMs         254 263 261 262 264    
Payment Cards '000         300 310 326 332 351    
Debit Cards '000         269 36.0 290 296 315    
Credit Cards '000         31.3 34.1 36.0 35.3 35.7    
Sight (As % Of Customer Deposits) % ... ... ... ... ... ... 41.1 44.5 47.6    

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CSOB Slovakia's npls (as % of loans) fell 14.0% to 2.81% in 2017

By Helgi Analytics - May 25, 2018

CSOB Slovakia's non-performing loans reached 2.81% of total loans at the end of 2017, down from 3.27% compared to the previous year. Historically, the NPL ratio hit an all time high of 8.47% in 2010 and an all time low of 2.81% in 2017. Provision coverage a...

CSOB Slovakia's total revenues fell 3.87% to EUR 289 mil in 2017

By Helgi Analytics - July 16, 2018

CSOB Slovakia generated total banking revenues of EUR 289 mil in 2017, down 3.87% compared to the previous year. Slovak banking sector banking sector generated total revenues of EUR 2,324 mil in 2017, down 10.6% when compared to the last year. A...

CSOB Slovakia's employees rose 0.351% to 2,572 in 2017

By Helgi Analytics - May 25, 2018

CSOB Slovakia employed 2,572 persons in 2017, up 0.351% when compared to the previous year. Historically, the bank's workforce hit an all time high of 2,572 persons in 2017 and an all time low of 1,672 in 2007. Average cost reached USD 2,963 per month per employe...

CSOB Slovakia's corporate loans rose 6.50% to EUR 2,118 mil in 2017

By Helgi Analytics - May 25, 2018

CSOB Slovakia's loans reached EUR 6,714 mil in the 2017, up from EUR 6,235 mil compared to the previous year. Historically, the bank’s loans reached an all time high of EUR 6,714 mil in 2017 and an all time low of EUR 3,626 mil in 2010. In the last deca...

CSOB Slovakia's payment cards rose 1.05% to 349 '000 in 2017

By Helgi Analytics - July 16, 2018

CSOB Slovakia has issued total of 349 '000 payment cards at the end of 2017, up 1.05% compared to the previous year. Slovak banking sector banking sector issued total of 5,183 thous. of bank cards in 2017, down 5.69% when compared to the last year...

CSOB Slovakia's consumer loans rose 5.35% to EUR 1,212 mil in 2017

By Helgi Analytics - December 12, 2019

CSOB Slovakia's consumer loans reached EUR 1,212 mil in 2017, up 5.35% compared to the previous year. Slovak banking sector provided consumer loans of EUR 7.45 bil in 2017, up 8.46% when compared to the last year. CSOB Slovakia accounted for 12.8% of all ...

CSOB Slovakia's net profit fell 15.9% to EUR 70.0 mil in 2017

By Helgi Analytics - May 25, 2018

CSOB Slovakia made a net profit of EUR 70.0 mil in 2017, down 15.9% compared to the previous year. This implies a return on equity of 9.22%. Historically, the bank’s net profit reached an all time high of EUR 83.2 mil in 2016 and an all time low of EUR -8.4...

CSOB Slovakia's net interest margin fell 10.1% to 2.32% in 2017

By Helgi Analytics - May 25, 2018

CSOB Slovakia's net interest margin amounted to 2.32% in 2017, down from 2.58% compared to the previous year. Historically, the bank’s net interest margin reached an all time high of 3.27% in 2010 and an all time low of 2.12% in 2008. The average margin...

CSOB Slovakia's branches remain unchanged at 133 in 2017

By Helgi Analytics - May 25, 2018

CSOB Slovakia employed 2,572 persons in 2017, up 0.351% compared to the previous year. Historically, the bank's workforce hit an all time high of 2,572 persons in 2017 and an all time low of 1,672 in 2007. The bank operated a network of 133 branches and 26...

CSOB Slovakia's costs (as % of assets) fell 5.93% to 2.09% in 2017

By Helgi Analytics - May 25, 2018

CSOB Slovakia's cost to income ratio reached 64.1% in 2017, up from 60.2% compared to the previous year. Historically, the bank’s costs reached an all time high of 66.8% of income in 2012 and an all time low of 58.9% in 2013. When compared to total assets,...

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Československá obchodná banka (or ČSOB) is a Slovakia-based bank. The Bank offers its financial products and services to private customers, small and medium size enterprises, and large corporates. The Bank's deposit products include fixed deposits, fixed foreign exchange deposits, current accounts, and savings accounts. The Bank’s loan portfolio primarily comprises personal, mortgage, housing, investment, short-term, subsidized, refinanced investment, and real estate project financing loans, as well as overdrafts, trade finance, and credit guarantees. Until 2008, ČSOB Slovakia was a part of the Czech Republic-based ČSOB Group. In 2008, the new company Československá obchodná banka, a.s. (ČSOB Slovakia) was created under direct control of KBC Bank.

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Finance

CSOB Slovakia has been growing its revenues and asset by 6.13% and 5.12% a year on average in the last 10 years. Its loans and deposits have grown by 11.8% and 11.1% a year during that time and loans to deposits ratio reached 109% at the end of 2017. The company achieved an average return on equity of 8.83% in the last decade with net profit growing 5.14% a year on average. In terms of operating efficiency, its cost to income ratio reached 64.1% in 2017, compared to 62.5% average in the last decade.

Equity represented 8.86% of total assets or 12.4% of loans at the end of 2017. CSOB Slovakia's non-performing loans were 2.81% of total loans while provisions covered some 75.7% of NPLs at the end of 2017.